I hope you're already short

Probably missed the boat if you don't already have a position.

I am very bearish but would not chase this. It's acting very much like it's about to dump. Any retraces into up the recent wick zone should be considered golden opportunities. I will be placing some limit orders in the "Limit order region" but I do not really expect to get filled any more than I already am.

Komentar:

Overall goal for this trade is to hold ETC short until BTC bottoms out probably around 2k. I'll start to scale out of the position then. I do not think ETC has any future.

I think Eth and BTC will eventually come back but ETC will be left behind.